Author: lbostgadmin
Sri Lanka needs to think beyond USD 4000 per capita income: Chamber Official
August 14, 2014 (LBO) – Sri Lanka’s private sector should foresee the needs of the future customer and armed themselves to cater to the demand of the customer who will earn 7000 US dollar per capita in 2020, Chamber official said. Sri Lanka is set to achieve a USD 4,000 per capita in 2015 and […]
Sri Lanka bat against Pakistan in second Test
COLOMBO, August 14, 2014 (AFP) – Sri Lanka’s captain Angelo Mathews won the toss and elected to bat in the second Test against Pakistan in Colombo on Thursday, the final one for the home team’s retiring Mahela Jayawardene.Umpires: Ian Gould (ENG) and Richard Illingworth (ENG) TV umpire: Bruce Oxenford (AUS) Match referee: Andy Pycroft (ZIM) […]
Sri Lanka stocks close up 0.3-pct
Aug 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.27 percent higher on Thursday with tobacco stocks gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 18.95 points higher at 6,973.09, up 0.27percent. The S&P SL20 closed 8.51 points higher at 3,828.77, up 0.22 percent. Turnover was 2.01 billion […]
Refugee Law
GENEVA, August 13, 2014 (AFP) – The UN refugee agency on Tuesday accused Sri Lanka of breaking international law in its growing campaign to kick out Pakistani asylum seekers without a fair hearing.“Fundamentally, this is a breach of the principle of no forced returns. That’s a clear violation of international law,” said Adrian Edwards, spokesman […]
Sri Lanka stocks close up 0.1-pct
Aug 13, 2014 (LBO) – Sri Lanka’s stocks closed in the green on Wednesday with beverage stocks gaining while tobacco stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 6.24 points higher at 6,954.14, up 0.09percent. The S&P SL20 closed 2.74 points higher at 3,820.26, up 0.07 percent. Turnover was 1.82 […]
Sri Lanka Treasuries edge lower
Aug 13, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 12-month yield falling 14 basis points to 6.31 percent, data from the state debt office showed. The debt office said 1.00 billion rupees in 3-month bills, 2.00 billion in 6-month bills and 10.59 billion in one year bills […]
Sri Lanka slams US over travel warning
COLOMBO, August 12, 2014 (AFP) – Sri Lanka accused the United States Monday of creating a “false and alarmist view” after Washington warned of possible violence on the island and said anti-Western sentiment was rising.The travel warning was issued after an opposition party staged a peaceful protest outside the US embassy in Colombo over Israeli […]
Sri Lanka shares close up 0.1-pct
Aug 12, 2014 (LBO) – Sri Lanka’s shares closed in a positive territory on Tuesday with index heavy tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 4.98 points higher at 6,947.90, up 0.07percent. The S&P SL20 closed 1.02 points lower at 3,817.52, down 0.03 percent. Turnover […]
Sri Lanka launches Ceylon cinnamon certification to promote exports
Aug 11, 2014 (LBO)- Sri Lanka has launched an internationally accredited certification for cinnamon, its main spice export, aiming to uplift an image like its main export, Ceylon tea, and exploit growing in global market. The ‘Pure Ceylon Cinnamon Global Certification” is also registered in key markets of USA, EU, Peru and Colombia, said Rishad […]
Sri Lanka stocks close up 0.4-pct
Aug 11, 2014 (LBO) – Sri Lanka’s stocks closed 0.36 percent higher with the turnover crossing one billion rupee mark amid net foreign buying, brokers said. Foreign investors bought 182.33 million rupees worth shares while selling 91.36 million rupees worth shares. CT Holdings closed 11.40 rupees higher at 159.90 rupees and Dialog Axiata closed 20 […]
Cricket: Sri Lanka beat the rain to down Pakistan in first Test
GALLE, August 10, 2014 (AFP) – Retiring Mahela Jayawardene took on the unusual role of opening batsman to hand Sri Lanka a thrilling seven-wicket victory on the final day of the first Test against Pakistan in Galle on Sunday.– ‘Dropped catches cost us badly’ – Pakistan captain Misbah-ul Haq rued the missed chances on the […]
Sri Lanka to pave A5 road with an investment of $140 mn
(08, Aug, 2014 LBO)- Sri Lanka will rebuild 151.3 kilometers of road from Badulla to Chenkaladi with an estimated cost of 140 million US dollars, a statement said. The road will be rebuild with funds taken from OPEC fund for International development and the Saudi Fund for Development ( SFD) with the balance contribution being […]